MIAMI (CBS4) — Think about how much stuff you own, and how little you use it. Wouldn’t it be nice to make some money on items just sitting around your house? These days it’s easier than ever due to a new trend — renting your stuff.
Need a car for a day, or a weekend? Kristin Campbell rents hers out all the time.
“I’ve had several really positive rental experiences,” she said.
She just lists it as available on www.SnapGoods.com, one of a growing number of web sites that allow owners to post their possessions for rent. You can find anything from cars to cameras to disco balls
“If you’re the person who owns the items, the ability to deflate costs on something that you spent a good deal of money on is great, particularly if you’re not using it.” said Ron J. Williams, of SnapGoods.com
People have started to figure out that spending a ton of money on something they may only need every now and then is no longer practical.
“If I don’t have to buy a $15,000 HD red camera, and instead can get it for $500 for the week or the day. I win, you win.” said Williams
It’s not just stuff you can rent out. On sites such as www.parkatmyhouse.com you can make money off your driveway or extra lot.
“It’s really popular if you live near a ball park or stadium.” said Kyle Taylor of www.thepennyhoarder.com.
“People are renting out their extra closet space and attic space.” said Taylor.
So what can you make by renting out your stuff? You could get over $200 a month for a driveway, $300 for your car for a week or $20 for your Kitchen Aid mixer for the day.
Typically, prices vary depending on several variables, including the owner and renter. But you still need to follow some precautions. Be sure the site you rent your stuff through offers you protection in case something goes wrong. And check your own insurance policies and zoning laws to make sure it’s ok to rent out your car, or a parking space, for that matter.